Financial giants have made a conspicuous bullish move on SolarEdge Technologies. Our analysis of options history for SolarEdge Technologies SEDG revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $130,340, and 5 were calls, valued at $385,248.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $55.0 to $90.0 for SolarEdge Technologies over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for SolarEdge Technologies's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of SolarEdge Technologies's whale activity within a strike price range from $55.0 to $90.0 in the last 30 days.
SolarEdge Technologies Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SEDG | CALL | SWEEP | BEARISH | 02/09/24 | $76.00 | $131.2K | 1.0K | 377 |
| SEDG | CALL | SWEEP | BEARISH | 06/21/24 | $70.00 | $111.6K | 284 | 71 |
| SEDG | CALL | SWEEP | BEARISH | 02/09/24 | $79.00 | $85.6K | 841 | 4 |
| SEDG | PUT | SWEEP | BULLISH | 02/09/24 | $73.00 | $43.6K | 58 | 681 |
| SEDG | PUT | SWEEP | BULLISH | 02/09/24 | $73.00 | $32.9K | 58 | 440 |
About SolarEdge Technologies
SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers. Additionally, the company has nonsolar products targeting energy storage and e-mobility.
SolarEdge Technologies's Current Market Status
- With a trading volume of 367,725, the price of SEDG is up by 14.69%, reaching $77.28.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 13 days from now.
Professional Analyst Ratings for SolarEdge Technologies
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $83.5.
- An analyst from Truist Securities has decided to maintain their Hold rating on SolarEdge Technologies, which currently sits at a price target of $80.
- Reflecting concerns, an analyst from Barclays lowers its rating to Underweight with a new price target of $50.
- Consistent in their evaluation, an analyst from B. Riley Securities keeps a Buy rating on SolarEdge Technologies with a target price of $133.
- An analyst from Goldman Sachs has decided to maintain their Sell rating on SolarEdge Technologies, which currently sits at a price target of $71.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest SolarEdge Technologies options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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